South-Eastern Asia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in South-Eastern Asia

The Southeast Asian extruded solid rubber rod market fell to $X in 2022, which is down by -1.8% against the previous year. Over the period under review, consumption recorded a pronounced curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in South-Eastern Asia

In value terms, extruded solid rubber rod production contracted modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 10%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Extruded Solid Rubber Rods And Profiles

Exports in South-Eastern Asia

In 2022, exports of extruded solid rubber rods and profiles in South-Eastern Asia contracted to X tons, reducing by -8.2% compared with the previous year. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod exports shrank to $X in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 24%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Malaysia (X tons) was the largest exporter of extruded solid rubber rods and profiles, committing 49% of total exports. Thailand (X tons) took a 28% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (8.4%), the Philippines (7.4%) and Singapore (7%).

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +64.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X) remains the largest extruded solid rubber rod supplier in South-Eastern Asia, comprising 40% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by the Philippines, with a 16% share.

In Malaysia, extruded solid rubber rod exports decreased by an average annual rate of -9.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (-12.6% per year) and the Philippines (+59.8% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, dropping by -6.3% against the previous year. Export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the export price increased by 35%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Extruded Solid Rubber Rods And Profiles

Imports in South-Eastern Asia

Extruded solid rubber rod imports fell to X tons in 2022, shrinking by -8.6% against the previous year's figure. Over the period under review, imports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2017 with an increase of 98% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, extruded solid rubber rod imports dropped to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 85% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam was the main importer of extruded solid rubber rods and profiles in South-Eastern Asia, with the volume of imports amounting to X tons, which was approx. 52% of total imports in 2022. Thailand (X tons) took the second position in the ranking, followed by Malaysia (X tons), the Philippines (X tons) and Indonesia (X tons). All these countries together took near 40% share of total imports. The following importers - Singapore (X tons) and Myanmar (X tons) - each reached a 6.1% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to extruded solid rubber rod imports into Vietnam stood at +14.4%. At the same time, Myanmar (+42.3%), the Philippines (+2.0%) and Malaysia (+1.6%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +42.3% from 2012-2022. By contrast, Thailand (-1.1%), Indonesia (-6.1%) and Singapore (-16.9%) illustrated a downward trend over the same period. While the share of Vietnam (+35 p.p.) and Myanmar (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-4.8 p.p.), Indonesia (-10.3 p.p.) and Singapore (-23.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported extruded solid rubber rods and profiles in South-Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by Indonesia ($X), with a 13% share of total imports. It was followed by Thailand, with an 11% share.

In Vietnam, extruded solid rubber rod imports increased at an average annual rate of +11.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (-2.9% per year) and Thailand (-10.4% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 26%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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